Fourth of July “Vishing” Alert

Beware of a possible phone scam over the Fourth of July weekend, warns the Wisconsin
Bankers Association (WBA). “Vishing”—a combination of “voice” and
“phishing”—involves a recorded voice informing victims that their bank
accounts are frozen and also provides a toll-free number to use in
reinstating the account if customers can verify their personal
information.

The WBA warns that the vishing attack may be timed
to coincide with a holiday, when banks are closed and consumers may not
have easy access to their accounts for request verification. “No bank
or legitimate business will request a customer to verify personal
information such as PINs, bank account numbers or Social Security
Numbers over the phone,” said Kurt Bauer, WBA’s president/CEO, in a
release. “Unless you initiate the contact, you should never give this
information out.”

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